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How to manage LVM volumes on CentOS / RHEL 7 with System Storage Manager

Logical Volume Manager (LVM) is an extremely flexible disk management scheme, allowing you to create and resize logical disk volumes off of multiple physical hard drives with no downtime. However, its powerful features come with the price of a somewhat steep learning curves, with more involved steps to set up LVM using multiple command line tools, compared to managing traiditional disk partitions.